Lam Research Q2 2022 Earnings Report
Key Takeaways
Lam Research reported revenue of $4.23 billion and U.S. GAAP diluted EPS of $8.44 for the quarter ended December 26, 2021. The company's non-GAAP diluted EPS was $8.53.
Revenue of $4.23 billion.
U.S. GAAP gross margin of 46.8%, U.S. GAAP operating income as a percentage of revenue of 31.7%, and U.S. GAAP diluted EPS of $8.44.
Non-GAAP gross margin of 46.8%, non-GAAP operating income as a percentage of revenue of 32.0%, and non-GAAP diluted EPS of $8.53.
Cash and cash equivalents, short-term investments, and restricted cash and investments balances increased to $5.6 billion.
Lam Research
Lam Research
Forward Guidance
For the quarter ended March 27, 2022, Lam is providing the following guidance: Revenue $4.25 Billion+/-$300 Million, Gross margin as a percentage of revenue 45.0%+/-1%, Operating income as a percentage of revenue 29.2%+/-1%, Net income per diluted share $7.36+/-$0.75